#buyersagent Archives - Artisan Sotheby's International Realty

A New Normal. A New Home.

Heidi and I continue to see a robust real estate market in Sonoma County, particularly in Sebastopol. A noticeable lack of inventory has increased demand, and homes’ reduced time spent on the market. Overall, even under the extreme circumstances, we are all facing daily, the market is trending upward.

Sonoma County, as a whole between May 2020 and June 2020, shows the number of homes on the market to be down and an increase in sales by 128% and a 43% increase in pending transactions. Due to the mandated shelter in place, these statistics make sense. Comparing these numbers to last year gives us the idea that inventory is still an issue no matter what has happened recently. Inventory is down 22% to June 2019. Compared to last June, sales are up by 4%, and pending purchases are up by 47%.

Sebastopol is a similar picture. Compared to last month, inventory has decreased even more by 11% and by 30% to the previous year. Sebastopol is up 145% to last month and 12% to the same time last year. Pending sales are up 116% to last month and 6% to the same time last year.

Heidi and I feel the uptick in the market directly correlates to the pandemic and the global changes it has made to how people live. “Home” now conjures a different set of rules and expectations. A home is now a place that functions on all levels of life and living. Vast numbers of people are currently working from home, schooling from home, sheltering in place for long periods, and even staycations. We are seeing that most people wish to upgrade their current circumstances, and if they are able, they are doing so by moving into a dwelling that avails itself to all these additional special requirements.

An article recently published in The Press Democrat by Meg McConahey How Covid-19 is forcing homeowners to rethink design mimics what we are witnessing with buyers. What people are looking for in a home has changed. Buyers are looking for more flexibility in a house and the spaces within. It gives a whole new meaning to the phrase “home sanctuary.”

Does your home make you happy? Give us a call. We would love to help you find your unique sanctuary here in Sonoma County.

Sonoma County Real Estate 2019 and 2020

As we do every year, we took a quick look back at the 2019 Sonoma County Real Estate Market. We reflected on what had the most profound impact on the housing market and some of the trends we are anticipating from Buyers and Sellers in 2020.

Two of the most significant pressures on the real estate market this year were the Kincaid wildfire and continued uncertainty of the Federal government.

The wildfires we have experienced over the last several years will continue to impact our housing market in multiple ways. The displacement of families, loss of property, and a shortage of rentals put stress on the real estate market. The Kincaid fire has been no exception.

As we have seen over the last few years, when there is political uncertainty globally or locally, the housing market is impacted.

We look closely at housing trends in the market that we witness throughout the year and try to gauge their importance in the coming year. We have seen that buyers expect that home must be move-in ready; the days of building sweat equity are almost non-existent. Sellers need to make sure their homes are clean, move-in ready, and devoid of issues that need fixing after closing.

In general, the 2019 housing inventory increased, prices went down, and there were plenty of buyers, although they were not acting quickly.

Looking at the data over the past year, we seem to be right back where we started the previous year. Days on the market are similar, pricing is about the same, and the absorption of our inventory remains steady. We had a spike in May, but we also had an increase in stock. Overall we had a very stable year, and we are expecting the same in 2020.

As we slowly make our way into 2020, Randy is most looking forward to the new greenhouse he built in the summer of 2019 and planting some exotic peppers (ghost), amongst other vegetables. Heidi continues to family and friends, hikes throughout Sonoma County, and long bike rides.

2019 was our first year in the new office on McKinley Street in downtown Sebastopol. Our location is very vibrant, and we feel more a part of the Sebastopol community. Clients and friends stop by while shopping at the nearby stores, and our door is always open. We are looking forward to helping you with all your real estate needs in 2020.

Sebastopol Real Estate At A Glance

Our new office in the heart of downtown Sebastopol gives us a unique perspective on the overall activity in our thriving town. We watch the consistent pedestrian traffic of shoppers, workers, and tourists, coming in and out of various places of business; children playing on the plaza square, and bicyclists riding along our newly dedicated bike lane. There is a gentle hum of activity throughout the day that is pleasant to witness and be a part of. Our real estate market mimics this buzz of activity.

The Sebastopol real estate market has always been competitive and seems to hover around a slight Seller advantage. The current market is no different. While the Market Action Index shows some strengthening in the last few weeks. Even though average prices have settled into a bit of a plateau, we anticipate things to start increasing shortly due to being in a Seller’s market. When the advantage is to the seller, however slight, prices are likely to resume their climb. Current trends show the median list price for a Sebastopol home is $960,000 with a price per square foot of $529.

By measuring the rate of sales versus the inventory we can see there is a slight Seller’s advantage. With the Market Action Index (real estate supply and demand) at 34, it is showing an increase over last week of 32, indicating an increase in market activity.

There are a variety of homes, land, and business opportunities on the market right now. Currently, Heidi and I have listed an amazing wine country property on Harrison Grade Road in Sebastopol. Situated on a quintessential Sebastopol road of gentle curves and picturesque landscapes of vineyards, apple orchards, and homes, this listing does not disappoint.

We have a number of exciting listings in Sebastopol. Cotati, Healdsburg, Petaluma, Willow Creek, and Camp Meeker as well. From a fabulous retreat style home, an equestrian property, a 400+ acre property, to a commercial development opportunity and a legal/permitted cannabis grow site, there is never a shortage of unique and inspiring real estate in Sonoma County.

It is exciting to see the growth in our community from year to year. We can always count on this market to keep things lively. We welcome all your questions about the market. We also offer a no strings attached, free estimate on any property’s value. It is always interesting to see where your property might fall in our diverse and growing market. Give us a call or email us directly by clicking here.

Real Estate Unpacked: 7 Reasons to Own a Home

Real Estate can be an overwhelming topic. There is a lot of information and misinformation that can be confusing. One of our favorite resources for condensed and accurate real estate information is Realtor Magazine. We recently rediscovered some articles illustrating various topics. As a result, we are posting them in a series we are calling Real Estate Unpacked.

We will cover a multitude of topics including but not limited to:

Top Reasons to Own a Home
Top Reasons to Work with a Realtor
House Hunting
Preparing to Purchase a Home
Tracking your Budget
Improving your Credit Score
Choosing a Lender
Creative Financing

7 Reasons to Own A Home

1. Tax benefits.
The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home.

2. Appreciation.
Historically, real estate has had a long-term, stable growth in value. While home prices have appreciated nationally at an average annual rate between 3 and 5 percent, depending on the index used for the calculation, home value appreciation in different metro areas can appreciate at markedly different rates than the national average. Here in California, the average annual rate of increase is 4% and according to some experts and projected to rise on up to almost 7%.

3. Equity.
Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings.
Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax. The only stipulation here is you must have lived in the home for two years out of the last five years.

5. Predictability.
Unlike rent, your fixed-rate mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will likely increase.

6. Freedom.
The home is yours. You can decorate any way you want and choose the types of upgrades and new amenities that appeal to your lifestyle.

7. Stability.
Remaining in one neighborhood for several years allows you and your family time to build long-lasting relationships within the community. It also offers children the benefit of educational and social continuity.

Heidi and I are here to answer any questions you may have, just give us a call!

Giving Thanks

Gratitude is a powerful theme during most holiday seasons. For Randy and I, Sonoma County continually evokes a powerful sense of appreciation for its welcoming nature and fruitful land, warm and inclusive people, and breath of fresh air. We are grateful for so much, the people we love, the people we work with, the incredible landscape we enjoy year round, and the relentless “nothing can keep us down” attitude of our community.

Sonoma County’s landscape provides a master class in agriculture, food, wine, recreation, and abundance for all who live here. There is always so much to learn and experience right in our own backyard. For Randy and I, the landscape provides an incredible backdrop to our real estate business. It is not challenging to showcase the benefits of owning real estate in this community, but it remains a very competitive market. We work hard to meet our clients’ needs and goals in each transaction. Real Estate in Sonoma County remains a constant wave of emotions: competitive, satisfying, and generous. We absolutely love what we do and are humbled every day to be able to help clients achieve their dreams in this exciting real estate market.

The last few years Sonoma County has seen some challenges with the national housing crisis and on the heels of coming back from that – have faced some of the worst wildfires in California history. There is a strong sense of community spirit and personal kindness here that is like no other place we have lived. It has been rewarding to hear the stories (and there are many) of people reaching out to one another to lift each other up. This spirit is undeniable in Sonoma County.

Feeling a part of something more significant than yourself is an incredibly important aspect of being a part of a strong community. Randy and I both feel extremely grateful to be a part of this spirit of thanks, energy, and generosity. No matter what your circumstances are in life, Sonoma County has a way of bringing everyone together as a whole and making all feel welcome. Whether it is donating our time through the Redwood Empire Harley Club, leading hiking groups, working with local veterans in finding a new home or working within the real estate community, we are committed to this fantastic group of people encircled by this incredible land in Sonoma County.We are grateful, every day.

Hustle and Bustle

Our recent Apple Blossom celebrations make it official – spring has sprung in Sebastopol! The air feels fresh, relaxing foggy mornings give way to warm and invigorating afternoons filled with activity. As children are gearing up to finish the school year, warm weather, busy parks, and blooming flowers remind us all how fortunate we are to call Sebastopol home.

The Real Estate market is warming up too! Spring is bustling time for real estate agents and brokers as clients seek to sell or acquire new property and homes. The number of homes listed in Sonoma County in March increased 11.4% over February, and the number of homes sold increased by 19.7%. In Sebastopol, the number of homes listed increased by 26% over the same period last year, and the number of home sold increased by 20% compared to a year ago. As we expect the warm up to continue, now is a great time to achieve your real estate goals.

11630 Barnett Valley Road, Sebastopol, CA

We currently have several properties on the market with more coming soon. Our latest listing on Barnett Valley Road is an ideal home for those looking for a bit of land, sun, peace, and privacy. Just over 6 acres of sun-drenched meadows and redwood forests, this single level well-maintained home is nestled at the end of a private country lane. It’s just waiting for your vision and designer touches. Enjoy stellar views, relax on the deck and listen to birds chirping and the soft summer breezes rustling through the trees. Barnett Valley is a perfect wine country retreat.

If you are looking for something even larger, or maybe establishing a family compound, our Sweetwater Springs listing is just the property for you. Breathtaking views sweep through this 480± acre parcel with options for future building sites that share in the sights! Gently rolling ridge top features open sunny meadows, natural springs and incredible views of the Russian River Valley, Mt. Saint Helena and beyond. The perfect canvas awaits to create your dream estate with vineyard potential.

For those that are looking to live more of a country life, our Bodega Avenue listings will set you up nicely. An ideal property for raising crops or horses, this property occupies 80± gently rolling acres in a serene setting with gorgeous views with the potential for quality wine grape production. The offering includes the main house, original farmhouse, caretakers home, three large barns, and half acre spring-fed pond.

We welcome the springtime weather and renewed energy. We are gearing up for some even more exciting news we will be sharing with you soon – stay tuned! Until then, there really is no better place to enjoy the busiest time of year than here in Sonoma County, so rich in its warm and familiar ways. As new blessings bloom everywhere, we are opening doors all across Sonoma County, helping you reach your real estate goals this Spring. Be sure to give us a call, we would be honored to assist you with all your real estate needs.

A New Normal. A New Home.

Sonoma County Real Estate 2019 and 2020

Sebastopol Real Estate At A Glance

Real Estate Unpacked: 7 Reasons to Own a Home

Giving Thanks

Hustle and Bustle

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